WSJ - It’s Crunchtime for a New Generation of Climate StartupsIt’s Crunchtime for a New Generation of Climate Startups

“Hundreds of young climate companies like Material Evolution are burning through cash and racing to turn new technologies into big businesses. The transition period is called the “valley of death” because so few startups survive it. 

The success of at least some of these startups is crucial to the world’s efforts to limit climate change. But companies in their early stages are often derailed by blown budgets, engineering failures and any number of unexpected hazards. 

“Everybody says there’s a playbook,” said Liz Gilligan, chief executive of Material Evolution. “There’s no playbook.” Had she known how hard it would be to develop industrial technology, she would have started a software company, Gilligan jokes.”

https://www.wsj.com/business/climate-change-startups-investment-business-8f5c83be?mod=mhp